INDEPENDENT FINANCIAL ADVICE FROM THE PEOPLE WHO CARE

Regulated Financial Advice in Pension, Investment, Life Insurance

& Wealth Management

Arrange your financial security and wealth check

Money Advice Partnership is a trading style of Better Retirement Group

Financial planning is rarely a one-time fix. Instead it should be an ongoing part of the family’s budget. The conclusions of a financial plan can be daunting. Don’t be surprised if you can’t act on all the recommendations immediately. You have to accept that any plans may not necessarily happen as expected because your circumstances change and budget becomes available. That’s why it takes careful planning.

Naturally, our financial focus changes as we progress through life, from making sure our dependents are financially taken care of in the event of illness or death, through to having sufficient funds to finally retire. With modern science we are seeing more people living longer in retirement, will you have adequate funds to see you through, including nursing home or care costs if needed?

Modern science is now helping us to live very active lives for longer in retirement. If we are fortunate to enjoy good health, this may involve additional costs of travelling, or visiting friends and family. But, if in the end you could need care, you want to do your best to ensure that you protect your family from that financial burden. No one is surprised that minimising financial stress, by making sure that you plan regularly and invest wisely, is important to your health.

By seeking our help you are taking the first steps in making sure that you and your dependants’ financial future is planned and well structured, taking into account your current circumstances and aspirations within current laws and tax regimes.

You can arrange your free financial health check with us today and start that structured financial journey. Money Advice Partnership will be a listening and collaborative partner on that journey, ensuring that your support is provided through professional and independent financial advice.

Russell Pearson Managing Director

INTRODUCING MONEY ADVICE PARTNERSHIPA BIG PART

OF FINANCIAL FREED OM IS HAVING YOUR HEART AND MIND FREE FROM WORRY ABOUT THE WHAT-IFS OF LIFE.Suze Orman

Independent Financial Advice moneyadvicepartnership.co.uk

Money Advice Partnership is a trading name of Better Retirement

Group Ltd, independent financial advisers regulated by the Financial

Conduct Authority number 153420. Registered in England number

2688895 at 400 Pavilion Drive, Northampton NN4 7PA.

PHASE ONE PHASE T WO PHASE THREE

Protecting and Building

While you are busy building careers and families, your first concern is to protect the family from loss of income due to illness or death.

Mortgages and loans may be needed to build the lifestyle you aspire to. Making sure these can be paid off, should the unexpected happen, will be part of protecting your family.

Next will be deciding the best way to save for different regular and future events – holidays, university, weddings and of course the big one of a pension to allow you to eventually stop working so hard to meet what seem to be endless demands.

All this can seem daunting but we can help you sit down and review what it is you need to protect, how this can be done in the most cost effective way and then look at the most tax efficient savings routes that fit your circumstances.

Supporting the decisions you will make on how to most efficiently use your financial resources should be an up to date Will because the protection of your family and loved ones can be completed only by ensuring that you have a Will that confirms your wishes and objectives.

Retirement

Everyone knows that they have to save for retirement and now anyone employed is a member of their workplace pension scheme which will give you something in addition to the state pension.

The messages – “the earlier you start, the better” – “one pound saved in your 20s is worth four saved in your 50s” – are all very helpful but, as you move through your life, the real challenge is to try and work out just how much you think your retirement lifestyle is likely to cost. Don’t worry about inflation, just think about what you’d like to do in today’s pounds. Tell us and we will show you how to work out how big your pension fund will need to be and how much you should be hoping to save each year to achieve it. Then, as always, making sure the solution is as cost effective as possible and that you are aware of all the investment risks you are taking and are happy that that’s the case.

There is a maximum you can save within “pension tax wrappers” and it may be that the amount you need to save to support your retirement lifestyle objectives can be supported through other savings as well, the first and most flexible of these being ISAs.

Later Life

Longer retirements even if retirement age is later requires us to look at all our assets. Our home is often our largest asset and has to form part of our financial planning during later life. There are now two ways of raising money through your home.

• Retirement mortgages which can be interest only but where you do pay at least the interest. These can be a good way to raise capital or replaces a maturing interest only mortgage.

• Equity release where the interest is rolled up either until death or the sale of the property.

Equity release is frequently used to help with the funding of residential care where a partner or dependant needs to continue to live in the family home. Or simply to draw down additional monies to help with retirement expenditure. Although plans for later life with inevitability need to change and require continued financial reviews understanding the options early helps a lot.

Independent Financial Advice moneyadvicepartnership.co.uk

MAPPING THE FINANCIAL JOURNEY - THE MAIN PHASES OF FINANCIAL PL ANNING

At Money Advice Partnership we believe in more than just transacting business for our clients. We would like to become an integral part of a family’s financial planning and wellbeing on an ongoing basis, someone you can turn to for all financial matters. We work with many providers of products and services so that you have access to a wide range of financial planning arrangements and information. Our initial consultation with you is about letting you know who we are and what we can offer, as well as finding out about you and what your short, medium and long-term plans are. The next stage is a more in-depth fact find that will highlight any financial gaps that need to be addressed. This consultation is free of charge.

These initial consultations will allow us to make sure that you are protecting the assets you currently have for example with an up to date will. From the information we have collected we will advise you on a course of action to implement plans that would help you achieve your final goals.

1. Can we save you money Examine existing expenditure

2. Can we get you money back Are you due any rebates

3. Coverthefinancialwhatifs What if I become ill and my

income stops? What if we want to move house? What do I need to retire?

For the ongoing service that best suits you, you will have options to choose from. These range from an annual review visit to an active investment management agreement.

The main purpose of our ongoing servicing proposition is to make sure we are fully aware of any changes to your circumstances to enable us to make sure all your financial plans are aligned. Naturally, we are available at any time between scheduled reviews, should you need our services or just want to talk something through.

FINANCIAL SECURIT Y AND WEALTH CHECK

DURING THE REVIEW PRO CESS WE WILL LO OK AT THREE MAIN INDICATORS;

ONG OING SERVICING

THE IMPORTANCE OF FINANCIAL PL ANNINGPension Freedoms and Our Retirement Income Proposition

The April 2015 budget led to the most radical change in the responsibility and opportunities of pension savers. Anyone with a defined contributions (money purchase) pension fund or personal pension can access the fund from age 55 with complete freedom and flexibility, where previously they would have expected to purchase a pension annuity.

Being able to drawdown any amount at any time comes with responsibility to make sure you plan the use of your income to help it fit with the retirement lifestyle you want. Running out of money will never be a good option in retirement. Primarily because you will be able to do less and less about it and would rely on others whether it’s the state or family. Freedoms and choice requires good planning early and regular reviews through your retirement lifetime.

As Independent Financial Advisers, Money Advice Partnership will help you plan and structure your income drawdowns to ensure you benefit from these freedoms whilst at the same time ensuring you retain sufficient funds to provide suitable levels of income (based on your own personal circumstances) to support you in retirement.

Wealth Management And Preservation of Wealth

As financial advisers, we want to help you make plans. But we know your journey through life will mean the plan is unlikely to go smoothly and probably will need to change.

Luckily (or through good planning) a number of our clients have achieved many of their financial goals. Its important that not only should you enjoy the benefits of those achievements but also that you put in place plans to preserve and pass on as much of your wealth as you can to your children, family and others.

Money Advice Partnership would help you manage your savings and your income needs in the most tax efficient manner, in line with the level of risk you want to take and maximizing what you are able to leave to others.

Independent Financial Advice

Money Advice Partnership is a trading name of Better Retirement Group Ltd which is authorised and regulated by the Financial Conduct Authority. FCA number 153420.

VAT reg no 676 1618 13. Head office and registered office: 400 Pavilion Drive, Northampton NN4 7PA. Registered in England number 2688895.

Money Advice Partnership

Top Floor, 1c Dukes Road, Troon, Ayrshire KA10 6QR

01292 317 214

info@moneyadvicepartnership.co.uk

moneyadvicepartnership.co.uk

INDEPENDENT FINANCIAL ADVICE FROM THE PEOPLE WHO CARE